Bitcoin Depot Inc. (BTM)
Bitcoin Depot Max Pain By Strike
BTM trades at $4.08, 18.4% below the near-term max pain of $5 expiring Aug 15, 2025 (0 days). Look for upward drift as max pain acts as a magnet pulling price higher. Max pain is falling across expirations ($1-$5), signaling increased put positioning or downside protection. Key magnetic zone at 4 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Bitcoin Depot Max Pain By Expiry
Max pain for BTM shows a downward trend from 5 to 1, indicating bearish sentiment or hedging activity. The 100% spread signals divergent expectations across timeframes. Levels distributed around 4.08. Strong magnetic level at 4 (3 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.
Max Pain Table
| Expiration Date | Max Pain | Max Pain vs Current Price |
|---|---|---|
| Aug 15, 2025 | 5 | 0.92 (22.40%) |
| Sep 19, 2025 | 5 | 0.92 (22.40%) |
| Oct 17, 2025 | 1 | -3.08 (-75.52%) |
| Dec 19, 2025 | 4 | -0.08 (-2.08%) |
| Jan 16, 2026 | 4 | -0.08 (-2.08%) |
| Mar 20, 2026 | 4 | -0.08 (-2.08%) |
| Jan 15, 2027 | 5 | 0.92 (22.40%) |